Skip to main content

Record profits at West Brom

They may be facing relegation, but West Bromwich Albion made record profits of £26.7m in 2016/17, up from a loss of £5.3m in then previous year, the sixth highest profit in the top flight on one measure. Of course in large part, this reflects the benefits of the Premier League TV deal. They spent only £5m of the extra £40m on wages, but may have been setting themselves up for a fall in doing so.

Kieran Maguire of the Price of Football writes: 'West Brom have shown that a club can survive for many years in the Premier League on a relatively modest wage bill. They have had a strategy, which to be fair has worked for many years, of spending less on transfers than their peer group. It now, unless Darren Moore can pull off the greatest escape of all time, as if this approach has finally caught up with them. At the start of each season they have been in the dozen or so clubs who "could" get relegated for some time, and this looks like being the season when gravity finally wins.'

You can read Kieran Maguire's in depth analysis here: Dazed and confused

Labels:

Comments

  1. Anonymous1 May 2018 at 05:13

    It's not always about money ask Everton. At the end of the day you need to buy good players who are willing to work and the manager need to make sure his squad is balanced. West Brom didn't do that this or last really. Yes they look for cheap players but they also bought a lot of risk with many players having question marks on their - Fitness, talent & attitude. These are reasons why most clubs wouldn't buy a player but at Albion it became the reason why the would.

    In many ways very similar to the first time they were religated when injuries resulted in a lack of centre backs and centre forwards. This time it was creative players. And although they had strikers they were not proven goal scorers. So few chances and those they came were met with a low goal ratio.

    ReplyDelete

Post a Comment

Popular posts from this blog

Threat of financial calamity removed from Baggies

West Bromwich Albion had effectively been in decline ever since the club was sold to a Chinese consortium in August 2016, paying a figure north of £200m to buy former owner Jeremy Peace’s stake. Controlling shareholder Guochuan Lai’s ownership was fairly disastrous for the club, but his unloved tenure finally came to an end after Bilkul Football WBA, a company ultimately owned by Florida-based entrepreneur Shilen Patel and his father Dr Kiran Patel, acquired an 87.8% shareholding in West Bromwich Albion Group Limited, the parent company of West Bromwich Albion Football Club. This change in ownership was urgently required, due to the numerous financial problems facing West Brom, including growing high-interest debt and serious cash flow concerns, following years of no investment from the former owner. Indeed, West Brom’s auditors had already rung the alarm bell in the 2021/22 accounts when they cast doubt on the club’s ability to continue as a going concern without making player s...
1 comment
Read more

Gold standard ground boosts Tottenham's income

The gold standard in European football grounds is the Tottenham Hotspur stadium in north London, a £1bn construction project completed in 2019. Its impact on the club’s finances has become increasingly clear as the effects of the pandemic have faded. Previously, the average fan would spend less than £2 inside the ground on a typical match day, but now that figure is about £16, thanks to new facilities including the longest bar in Europe and an on-site microbrewery. Capacity has gone up from 36,000 at the club’s previous home of White Hart Lane to 62,000.  The new stadium — built on land adjacent to White Hart Lane — has opened the door to a broad range of other events that have helped to push commercial income up from €117mn in 2018 to €215mn in 2022. Last year, Tottenham hosted US singer Beyoncé for five nights on her global Renaissance tour, two NFL matches, as well as rugby games and heavyweight boxing bouts.  Money brought in from football has gone up too. Match day ...
Post a Comment
Read more

Spurs to sell minority stake

Tottenham Hotspur is in talks to sell a minority stake in a deal that could value it at up to £3.75 billion and pave the way for Joe Lewis and his family to sever ties with the Premier League football club. Tottenham chairman Daniel Levy is seeking an investment that values the club at between £3.5 billion and £3.75 billion, including debt. While the terms of any deal have not been finalised, City sources expect Spurs to sell about 10 per cent. The club is being advised by bankers from Rothschild on the sale. Tottenham wants to raise fresh capital for new player signings and to help fund the development of an academy for its women’s team, as well as a 30-storey hotel next to its north London stadium. The financier Amanda Staveley, who brokered the deal for Saudi Arabia’s Public Investment Fund to take over Newcastle United, is understood to be among the parties to have expressed an interest in Tottenham. Staveley’s fund, PCP Capital Partners, has raised about £500 million to ...
Post a Comment
Read more